Memphis, Palmetto Bay, FL
Memphis — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Memphis, Palmetto Bay, Florida. Explore the cited sources and local facts below while agent underwriting continues.
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Memphis Neighborhood Overview
Memphis is a quiet, residential neighborhood located within the Village of Palmetto Bay in Miami-Dade County. It offers a suburban atmosphere with a strong sense of community, characterized by tree-lined streets and proximity to major thoroughfares for easy commuting.
Housing & Real Estate
The neighborhood primarily features single-family homes, many with spacious yards, reflecting a classic South Florida residential style. With a median home value of approximately $271,200, it presents a more affordable entry point into the desirable Palmetto Bay area.
Schools & Education
Families in Memphis are served by the highly-regarded Miami-Dade County Public School District. Students often attend nearby schools like Palmetto Elementary, which is known for its strong academic programs, contributing to the area's appeal for families.
Parks & Recreation
Residents enjoy easy access to Palmetto Bay's extensive park system, including the scenic Coral Reef Park and the Village's waterfront amenities. The neighborhood's own local parks provide spaces for playgrounds, sports, and community gatherings.
Local Dining & Shopping
While primarily residential, Memphis is just minutes from the shopping and dining hubs along Franjo Road and US-1. Residents can find a variety of restaurants, from casual eateries to fine dining, and convenient shopping at nearby plazas and centers.
Who Lives Here
The neighborhood is home to a mix of families, professionals, and long-time residents. With a median household income around $71,679, it represents a stable, middle-class community within the broader Palmetto Bay area.
Memphis Market Data
| Metric | Value |
|---|---|
| Median Home Price | $271K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $72K |
| Homeownership Rate | 78.6% |
| Renter-Occupied | 21.3% |
| Rental Vacancy Rate | 7.4% |
| Market Type | Buyer's |
| Primary ZIP Code | 34221 |
Top Real Estate Agents in Memphis, Palmetto Bay
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Memphis, Palmetto Bay, FL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Florida Department of Business & Professional Regulation (DBPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15